Digital Marketing Predictions: Part Five

with No Comments

Over the last month, we have taken you through our digital marketing predictions of the future.  With digital marketing becoming ever more multi-dimensional our last prediction has to have a focus on analytics. The explosion of connected devices – smart phones, tablets and other digitally connected devices – has made the world more connected than ever, enabling marketers to monitor and collect engagement information at each touch point of the purchasing funnel. This combination has given today’s marketers unprecedented data about their customers.

With this wealth of resources at our fingertips it is very important to have a vision, a strategy and footprint and clear objectives for your social media development.   The only way you can see if the strategy has been successful of course is to measure and analyse your performance and results.  Yet, it’s one area many businesses fall down on.  For businesses to be successful digital analytics will have to become more of a focus.  Businesses will have to create a culture that values data and ensure that their key business decisions are data-driven.

Businesses will need to measure what matters

Businesses will need to measure what matters

There are many metrics you could measure when it comes to digital analytics but not all metrics will be important; you need to measure what matters; what informs your business growth and sales funnel.  Such as;

  • Who is coming to your site, and what are those people doing once they get there;
  • What channels are driving buying customers;
  • Who is converting;
  • What conversions are deepening relationships;
  • What conversions are driving revenue;
  • Who is buying multiple times;
  • What’s your lifetime customer value;
  • What are your churn rates

Creating and implementing an analytics program requires four steps:

  • Defining your metrics and developing a plan
  • Collecting the data
  • Developing reporting features and capabilities
  • Ongoing analysis and implementation

The analytical cycle should run in parallel with other marketing activities like monitoring ROI,  actionable insight and driving the continual improvement in businesses.

Define your metrics + develop a plan

Our Digital Marketing Predictions for the Future

Over the course of this month we have shared our Digital  Marketing predictions for the future:

1. Mobile access will be vital

2. Augmented reality

3. Visual story-telling will boom

4. Social Media will become more cost driven

5. Analytics will have more focus

In all of our predictions, there is one thing we are certain of; whatever changes are coming Businesses will need to adapt and grow with the digital times to survive.

Follow Tom

Tom the Trout

Chief Tickler at Tickling Trout
During Tom’s formative years he spent most of his time in the small pools.
He was often teased for being the only purple trout in the stream.
Tom’s specialism is tickling his prospects whether that’s email, website, dynamic illustrations or Facebook ads.
Follow Tom

Latest posts by Tom the Trout (see all)

Leave a Reply